Archive for October 19th, 2010

President Sarkozy vows to crush petrol blockades crippling country By John Lichfield IndependentUK Wednesday, 20 October 2010 France teetered on the edge of a complex and multi-layered crisis yesterday as petrol shortages worsened and violence by disaffected suburban youths spread and intensified. Around 3.5 million people, according to unions – about the same or... »

Brussels bastards want to impose direct tax on already destitute Europeans laboring under draconian austerity measures Paul Joseph Watson Prison Planet.com Tuesday, October 19, 2010 The sprawling, blood-sucking, dictatorial, EU is trying to fill its coffers at a time when everyone else is being told they must tighten their belts and accept draconian austerity... »

by Tyler Durden ZeroHedge.com 10/19/2010 The war of words continues, this time with Dallas Fed’s Fisher. More quotes from the fourth spoke in the Kocherlakota, Plosser, Hoenig, hawk sanity quadrangle. In his just released speech we read this stunner: “In my darkest moments, I have begun to wonder if the monetary accommodation we have... »

Joe Weisenthal BusinessInsider.com Oct. 19, 2010 There’s been a ton of talk lately about demographics and the coming pension crisis in the US. Getting buzz today is this report from the Milken Institute and authors Perry Wong and I-Ling Shen. The basic gist: California’s demographics are rapidly worsening, and will put serious strain on... »

Or will the sleeping middle classes continue to scratch their butts and watch Dancing with the Stars? Paul Joseph Watson Prison Planet.com Tuesday, October 19, 2010 How will Americans react when the government begins to impose the same austerity measures that are causing riots, street battles, fuel blockades and other assorted chaos in France?... »

CHARLIE SAVAGE NY Times Oct 19, 2010 WASHINGTON — Law enforcement and counterterrorism officials, citing lapses in compliance with surveillance orders, are pushing to overhaul a federal law that requires phone and broadband carriers to ensure that their networks can be wiretapped, federal officials say. The officials say tougher legislation is needed because some... »

By Paul R. La Monica CNN.com Bank stocks have been shellacked lately as investors worry about what impact the foreclosure scandal will have on the results for the nation’s largest financial institutions. Still, some fund managers think the market is overreacting and that the allegations of improper documentation for foreclosures and the resulting delay... »

Robert Reich HuffingtonPost.com October 19, 2010 It’s a perfect storm. And I’m not talking about the impending dangers facing Democrats. I’m talking about the dangers facing our democracy. First, income in America is now more concentrated in fewer hands than it’s been in 80 years. Almost a quarter of total income generated in the... »

By: David Dayen FDL News So I had a pretty incredible conversation last night with Christopher Peterson, the law professor and Associate Dean for Academic Affairs at the University of Utah, who wrote two illuminating Law Review articles about MERS, the shell entity that created an electronic database for the trading of mortgages. I’m... »

Inflation.us The National Inflation Association (NIA) has now released a 2-minute trailer for ‘End of Liberty’, NIA’s new documentary coming at the end of October. ‘End of Liberty’ is the most eye-opening film ever produced about the United States government. The film would be funny if it wasn’t so true. It promises to be... »